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Elliott eyes operational improvements after taking Thyssen stake

Elliott eyes operational improvements after taking Thyssen stake
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BERLIN (Reuters) – Hedge fund Elliott said it sees room for significant improvement at Thyssenkrupp <TKAG.DE>, confirming it had taken a stake in the German industrial group.

“Elliott believes Thyssenkrupp has significant scope for operational improvement which would benefit all stakeholders and looks forward to engaging in a constructive dialogue with them in the near future, including with the supervisory and management boards,” the investor said in a statement on Thursday.

It confirmed it had taken a stake in Thyssenkrupp, but that this did not exceed the 3 percent threshold for mandatory disclosure.

(Reporting by Victoria Bryan; Editing by Caroline Copley)

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